Neom is a '50-plus-year plan,' says Saudi Arabia's finance minister
Neom is a long-term project, rather than one expected to be "making money in five years," said Saudi Arabia's finance ...
Saudi 2025 budget foresees $27 billion fiscal deficit as gigaproject spending continues
Saudi Arabia approved its state budget on Tuesday for 2025 forecasting a fiscal deficit of 101 billion riyals ($26.88 billion ...
Hastings inks MOU with Saudi Arabia for rare earths processing
Hastings Technology Metals has inked an MOU with Saudi Arabia’s Ministry of Investment for the kingdom’s global supply chain ...
Saudi Arabia allocates $932m to advance 17 tourism projects in Al-Ahsa
Saudi Arabia has earmarked SR3.5bn ($932m) for the advancement of 17 tourism projects in Al-Ahsa, aiming to transform the ...
Saudi 2025 Budget Sees Lower Deficit On Spending Trims
Saudi Arabia on Tuesday approved a budget for 2025 that projected a smaller deficit than last year as officials recalibrate a ...
Saudi Arabia Splashes the Cash To Clean Up Its Image
The kingdom's large-scale construction projects include a 110-mile long linear city described by its developers as " a ...
Saudi Arabia's investment minister says the private sector is the 'main driver of building the new economy'
Khalid Al Falih, Saudi Arabia's investment minister, outlines the kingdom's plans to boost economic activity and bring in ...
Saudi Arabia's NEOM gigaproject a 'generational investment,' minister says
Saudi Arabia's NEOM gigaproject, a futuristic region being built in the desert, is a "generational investment" with a long ...
Arabian Business2d
Saudi tourism booming with arrivals up 600% and $10.9bn surplus in H1
Saudi Arabia’s tourism sector continues to achieve remarkable growth, as incoming tourist numbers surged by 27 per cent in ...
Can Saudi Arabia keep pace with its ambitious mega-project spending spree?
Saudi Arabia has poured tens of billions into projects that have yet to hint of any financial returns,” one financier told ...
Gulf Business2d
Saudi Arabia approves 2025 state budget, forecasts $27bn deficit
Saudi Arabia has approved its state budget for 2025, which forecasts a fiscal deficit of SAR101bn ($27bn) or 2.3 per cent of ...
Saudi 2025 Budget Sees Deficit Of 2.3% Of GDP As Spending Stays High
Saudi Arabia on Tuesday approved a budget for 2025 that projected a deficit of $26.8 billion as high spending continues on reforms meant to transition the economy away from oil.